VERIZON COMMUNICATIONS (VZ-NYSE): Technical Viewpoint: From a low of $32.80 on Apr 17, 2003 prices rallied, reaching a high of $38.50 on May 20, 2003. A decline saw prices pull back, reaching a low of $35.20 on May 22, 2003. Another rally saw prices penetrate resistance, closing 6/20/03 at $41.21. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Apr 28, 2003 when the Histogram crossed the "0" line to the upside. Support: Remains at $36.50. Resistance: Is at $41.35. Point & Figure: Reversed to the upside on Jun 21, 2003. A P&F upside reversal takes place at $39.00. Summary: Technical indicators have turned bullish. BUY! VERIZON COMMUNICATIONS (VZ-NYSE) @ $41.38 Stop: Use a protective stop of $39.38. VERIZON COMMUNICATIONS is currently trading @ $41.21 plus $1.10 on Jun 21, 2003. Price Objective: $51.00. Risk/Reward: $2.00 VS. $9.62. Today's Risk Reward Ratio: 5:1